Magpies Takeover Near

Two groups are leading the bidding for Newcastle United and it is expected that a takeover will be completed by the end of the month. Up to four groups – one of which is fronted by former chairman Freddy Shepherd – have been involved in substantive negotiations but two are understood to have moved ahead of the others in terms of demonstrating their financial strength. A deal needs to be done soon as the players return for training in less a week. The delay in sorting out Alan Shearer’s appointment has also caused great frustration among long suffering Newcastle fans.

Two groups are leading the bidding for Newcastle United and it is expected that a takeover will be completed by the end of the month. Up to four groups – one of which is fronted by former chairman Freddy Shepherd – have been involved in substantive negotiations but two are understood to have moved ahead of the others in terms of demonstrating their financial strength. A deal needs to be done soon as the players return for training in less a week. The delay in sorting out Alan Shearer’s appointment has also caused great frustration among long suffering Newcastle fans. But an end to this depressing saga may be in sight.